Prescription for Success!

It's 2009 and for some the economy is all gloom and doom- but not with ActionCOACH!

Follow our prescription for success during this Economic crisis and come out ahead of the rest!

1. Look for the opportunities, eg. Buy out a competitor, where do people need your product or svc in the world
2. Set new goals
3. Who is your sphere of influence and how are thinking: negative or positive
4. Make sure you have quite time to think up new ideas
5. Need a plan. The plan helps to take you out of overwhelm. Eg. In the 60’s how get to the moon and back. If you know how to get there it’s a plan not a goal. What do you have to learn to change the goal into a plan
6. Prune don’t prune (cut) for the sake of doing it use a plan to determine where to prune: strategies, cost, advertising, etc
7. What is your current product and service line up. What is doing well, what is not, what do you need to add, what are your high margin items, do you need to bring in more high margin items, Buyers moods are changing so you may have to provide difference prod/svc
8. Examine your market and sales strategies and change it. In good times people bought because they had disposable money and wanted things/toys. Now it is a what do I really need basis. So change your ads/mkt/sales to reflect the current market. Measure and test everything
9. Cashflow – monitor it what credit terms do you offer and what payment terms. Manage them better. What is your time of lag from when money comes in from a sale. It may kill you
Do not put money into a business you don’t know anything about, look at the management team
A good product delivered well will always sell!!